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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Net Interest Income    
Interest income $ 480,330 $ 408,495
Interest expense 403,797 342,603
Total Net Interest Income 76,533 65,892
Other Income/(Loss)    
Net interest component of interest rate swaps 3,447 7,617
Net realized gain/(loss) (11,083) (2,918)
Net unrealized gain/(loss) 20,853 16,956
Total Other Income/(Loss) 13,217 21,655
Expenses    
Management fee to affiliate 9,266 7,533
Non-investment related expenses [1] 10,819 10,620
Investment related expenses [1] 15,625 13,522
Transaction related expenses [1] 7,305 3,164
Total Expenses 43,015 34,839
Income/(loss) before equity in earnings/(loss) from affiliates 46,735 52,708
Equity in earnings/(loss) from affiliates 2,821 3,141
Net Income/(Loss) before Income Taxes 49,556 55,849
Income tax expense 888 112
Net Income/(Loss) 48,668 55,737
Dividends on preferred stock 21,242 19,353
Net Income/(Loss) Available to Common Stockholders $ 27,426 $ 36,384
Earnings/(Loss) Per Share of Common Stock    
Basic (in dollars per share) $ 0.90 $ 1.23
Diluted (in dollars per share) $ 0.90 $ 1.23
Weighted Average Number of Shares of Common Stock Outstanding    
Basic (in shares) 30,542 29,487
Diluted (in shares) 30,562 29,514
Affiliated Entity    
Expenses    
Management fee to affiliate [1] $ 9,266 $ 7,533
[1] Refer to Note 10 for additional details on related party transactions.